Corporate Governance and Financial Performance Nexus: Any Bidirectional Causality?

Most studies on corporate governance recognize endogeneity in the nexus between corporate governance and financial performance. Little attention has, however, been paid to the direction of causality between the two phenomena, and hence the Vector Error Correction (VEC) model, which allows for endoge...

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Bibliographic Details
Main Authors: Alley Ibrahim S., Adebayo Abimbola L., Oligbi Blessing O.
Format: Article
Language:English
Published: Sciendo 2016-06-01
Series:International Journal of Management and Economics
Subjects:
c3
d2
d7
Online Access:https://doi.org/10.1515/ijme-2016-0013